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the real question here is, how do we reduce our deficits in a way that does not hurt the economy right now, but does make sure that as the economy improves that public spending is not -- and deficit spending is not squeeze the out by private investment. for the last couple years the problem has been opposite. we have seen less private investment, so the moneys the federal government has spent have been very important to helping the economy from going into free fall. . there is no doubt that we have to deal with the balanced approach and that's where the debate lies in how we should do that. again, our republican colleagues have said no to the balanced approach. they said no to the plan that we offered to prevent the sequester. they wouldn't allow a vote on the plan we offered to prevent the sequester that's going to hit on march 1 and which our republican colleagues in statement after statement on this floor have said is going to hurt the economy and which we know from the last quarter's economic report is already hurting the economy just because businesses are anticipating the possibility
, the driving passion for mr. boehner in these fiscal debates is his conviction that trillion deficits are sapping the country of its energy and prosperity. trillion deficits, his driving passion. everybody loves john boehner's passion. but this is supposedly what he feels so passionate about. this is a chart of the country's budget deficit levels every year. red bars are president bush's deficits from 2008 and 2009. blue bars are president obama's deficits. those really big bars are when the whole world economy crashed, including ours. remember that? you notice how the deficit gets smaller when the bars are blue over time? see how they're getting shorter as you go to the right? today the congressional budget office released their deficit projection for 2013. so for this upcoming year, the nonpartisan cbo. according to them under president obama the deficit is slated to continue to shrink, as it has been under president obama. but the supposedly gigantic growth of those deficits is why congressional republicans are >>> in march 2007, some of the fine folks at morgan stanley were brains
of the administration, the deficit tripled, the previous record high deficit in this country, to $1.4 trillion. $1.3 trillion in f.y. 2010. $1.3 trillion in 2011, $1.2 trillion in f.y. 2012. and, mr. speaker, there's no plan that the administration has produced to get us from where we are, fiscal irresponsibility, to a point in the future of fiscal responsibility. mr. speaker, we've been doing our part here in the house, we've been proud to work together across the aisle in order to pass budgets that tackle those hard challenges that are ahead of us. if you go and read the president's comments, mr. speaker, you'll see that he recognized the challenges are hard. the question is, are we going to deal with those or not? i hold here, mr. speaker, a speech that the president made to the democratic national convention on september 6, 2012. where he said this, i will use the money that we're no longer spending on war to pay down our debt and put more people back to work. and my notes here said it was followed by extended cheers and applause. i suspect my friend from massachusetts supports that spirit who
is happening, it is true that the deficits are going to be below a trillion dollars for the first time in several years. it is true that the new revenues and spending that you did not do -- it is also true the economy is beginning to grow again. this is almost like the reverse of what we did in 1993. i was perfectly well aware that a raise taxes and cut spending, it could have been dragging effect on the economy. but not nearly as much as not nearly as much as having low growth or then having interest rates that were too high. so our gamble was that the explosive effect of lowing interest rates with a booming bond market and having more disposal income over five-10 year period to invest in america's future would more than offset putting the hammer down by raising more money and cutting spending. it turned out to be a good gamble. it will make sense here again. but timing is everything. so i think you should have a budget that does not defy arithmetic and does not follow in the trap that we had for 20 of the last 32 years which is you always get more money when you cut taxes. but it is
land, reducing the debt and reducing the deficit. >> john, it might be quite frankly that he's an iowan and iowans get things done. i got to sequester conspiracy theory for you. both republicans and democrats are using these automatic cuts as cover. they pretend to disdain them, but democrats are actually okay with $1.2 trillion in deficit reduction that doesn't touch medicare, medicaid and social security. republicans are railing against slashing defense. in the deal they've got a big cuts that they have long coveted. both sides can claim it's the other side that's unreasonable and they get automatic cuts. is this oliver stone stuff or am i on to something here? >> there are people in both parties who think a sequester would be a good thing for them. there are a lot of republicans who think the president is never going to budge and point to newly elected democrats. massachusetts senator elizabeth warren ran ads saying i will never cut medicare. chairman newsle knows you can't get the deal unless you have some call them what you will, cuts, big changes in the programs. you have people o
with smarter spending reductions to bring down the deficit. we can do it in a gradual way so that there is less of an impact. these deductions that certain folks can take advantage of, the average person cannot. not everyone has access to cayman island accounts, the average person does not have access to carry interest income, where they wind up paying a much lower rate on the billions that they earned. we want to make sure that the whole system is fair and transparent and that we are reducing our deficit in a way that does not hamper growth and reduce the kinds of strategies that we need in order to make sure that we are creating a strong middle-class. host: jim from south carolina, on the republican line, good morning. caller: how are you? host: well, thank you. caller: you keep mentioning and hearing people talking about pensions, but pensions are just invested the same way that 401k is. stocks and bonds. people with pensions lost money as well. i heard cases where people were not going to get as much money. if someone is manages their 401k, i do not know, it needs to be managed properly and
of americans want sensible policies for this country. they want to us deal with the deficit in a way that provides for the future of this country. so they want to invest in research and education. they want roads and bridges. we're having a tough time breaking through the division that we have in washington. and quite frankly, the more you can do to underscore the importance of the work that you do, i think the stronger the voice will be for a reasonable solution to our fiscal problems that will permit n.i.h. to get the funding it needs on a permanent basis. so i think this point needs to be underscored more and more. the work you do here and the impact it has on our lives. i was talking -- we had a chance to talk about the work being done in infection diseases about trying to develop a way in which we can get a flu shot that is more generic rather than every year. that's extremely exciting to me. i don't like trying to figure out when i'm going to get my flu shot and whether it works or not. the more we talk about what we can achieve in the future, what america can achieve in the fu
the deficit. all by honoring the wish of 2/3 of americans to respect states' rights for marijuana just like we do for alcohol. i would invite my colleagues to join this effort in developing a marijuana policy that makes sense for america today. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentleman from north carolina, mr. coble, for five minutes. mr. coble: i thank the speaker. mr. speaker, january is the traditional month in which new year's resolutions are developed. i'm suggesting that president obama and mrs. boim adopt a resolution -- mrs. obama adopt a resolution. it appears to me, mr. speaker, regard air force one very casually and i believe on some occasions two planes, at least two planes go to the same destination. air force one, mr. speaker, belongs to president and mrs. obama. but air force one also belongs to the american taxpayer. and i would welcome a new year's resolution that would provide generous lace of all future air force one dispatches with prudence, discipline and last but certainly not least fiscal austerity. america's taxpayers will be
, he talked about the economy. when it comes to tackling the nation's deficit, president obama said sunday in an interview with cbs news there needs to be revenue involved. and it sounds like he might be interested in going after people like mitt romney. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so that it doesn't have a huge impact. and as i said, when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of them. the average person doesn't have access to cayman island accounts. the average person doesn't have access to carried interest income where they end up paying a much lower rate on billions of dollars that they've earned. so we just want to make sure that the whole system is fair. >> all right. steve, help me out here. i think the democrats are holding a losing hand if they come back and ask for more taxes. they talk about raising tax rates on anybody. but if we're talking about closing loo
and deficit issues that face our kids and grandkids. a lot of lip service is being paid. i'm concerned we're talking about just us. what middle-class life will they have unless we stepup and do the right things. and it to me it is very -- actually, i actually campaigned on a suicide mission to reform medicare and the tax reform. every town hall camaraderie, chamber meeting, senior meetings i would talk about those two things in those two things only, guaranteed political suicide. i'm still here. we can do this. [applause] >> congressman. >> in answer to that question about what it will take to get washington to deal with the fiscal challenge facing this country, i was in a meeting in december of 2011 at the home of senator mark warner, a democrat, and alan greenspan was there and he said something that really struck me very hard. he said to you know, reuter you guys in congress going to do something big on this fiscal challenge? are you going to do it before or after the bond market crash is? and it will crash. he is not known for hyperbole, and it struck me that the former chair of the f
. poverty is rising and incomes are dropping and the deficit is unsustainable. what does he say? >> he will talk about the economy. until now he was going to talk about the issues washington, dc, is consumed with but a new poll from pew shows the top things people are concerned about the economy, deficit, jobs, things the president did not talk about at the inaugural. at bottom were immigration, gun control legislation and the very bottom, global warming, the issues the president was going to hammer. we will see. now he is going to go with the economy and fight the sequester. speaking of hypocrisy the bill he proposed and the republicans and democrats in congress both passed, now they all deny they now how we got here. >>gregg: what do you expect, doug, from the president? >> he will say he has a job strategy as pat suggested, because the disconnect between the american people and the elites in washington could not be greater. the president knows his own popularity while greater than the republicans is hanging on a slender reed and he has to make the case he has a strategy to address t
feel that same sense of shared responsibility. that is how we will reduce our deficit. that is america built to last. [laughter] -- [applause] i recognize that people watching tonight have differing views about taxes and debt and energy and health care. no matter what party they belong to, i bet most americans are thinking the same thing right about now -- nothing will get done in washington this year. or next year. or the year after that, because washington is broken. can you blame them for feeling all little bit cynical? the greatest blow to our confidence in our economy last year did not come from event beyond our control. it came from a debate in washington over whether the united states would pay its bills or not. who benefited from that fiasco? i talked tonight about the deficit of trust between main street and wall street. but the divide between the city and the rest of the country is at least as bad, and it seems to get worse every year. host: from january of last -- of last year, the president in his state of the union address. some of the same themes it will continue this wee
talking about the deficit. >> really? oh, yes. eric cantor to the rescue. he is ready to save the republican image and put a stop to the electoral college losses, right? of course, this is not the first time eric cantor has tried to save the party. you see, it actually is the fourth attempt that he has had. in 2009, cantor held a pizza party, remember that? with jeb bush and mitt romney by launching the national council for a new america that didn't work. a year later, cantor was back at it. he was one of the young guns ready to take the republican party by storm. >> there is a better way, and a new team is ready to bring america back. eric cantor, kevin mccarthy, paul ryan joined by common-sense conservative candidates from across the country. together, they are ready to make history. together they are the young guns. >> the good old days. in 2011, cantor launched the you cut program. he wanted to get the public to vote on weekly cuts to federal government. another year, another failure. so today cantor launched the "making life work" campaign. he is trying desperately to avo
this debt problem. [applause] if you look at what is happening here, it is true that the deficit are going to be below $1 trillion for the first time in several years. and it is true that the new revenues raised in spending that you did not do. it is true that the economy is beginning to grow again. but this is almost like the reverse of what we did in 1993. that is, i was prickly well aware if we raise taxes and cut spending, it could have a dragging effect in the economy. but not nearly as much as spending 40% of the budget paying interest on the debt. not nearly as much as having low growth. at nearly as much as having interest rates that were too high. so our gamble was that the explosive the fact of lowering interest rates, with a booming bond market and having more disposable income over a 5 =-10 year period would more than offset putting the hammer down by raising more money and cutting spending. it turned out to be a good gamble, but it made sense. it will make sense here again. but timing is everything. and so, i think he should have a budget that does not defy our arithmetic but
a chart yesterday that the deficit has already fallen from $1 trillion to $648 billion with the cuts they did in 2011. as far as taxes, they need to change the tax code. businesses need to pay their fair share. i get $22,000 in my civil service and social security. i paid $448 in taxes last year. i am 76 years old. i am barely surviving. host: you mentioned at the beginning that your daughter-in- law, where she employed with a company that depended on government financing? >> yes, some government contracts, so they froze things to try to save jobs and then last friday they laid off five people. -- they froze hiring. host: willie is with us on the line. caller: i look at it like this, when you have a drought, in order to break the drought, everybody has to pay for it. a storm, you have to have a hurricane or a tornado to break a drought. some people are going to get flooded out. so i hope that it will go through. let it do what it is supposed to do and get this stuff straightened out. everybody's looking out for themselves. i worked for general motors. the only thing that got general
is to agree on plans to slash the trillion dollars from the deficit with the deadline of march 1. right now, there's no deal in sight. >> i believe they should at least half a smaller package. >> president obama is calling on congress to pass a short-term measure, a combination of spending cuts and tax measures that would delay sequestration until the start of the next fiscal year. >> there's no reason the jobs of thousands of americans who work in national security or education or clean energy, not to mention the growth of the entire economy should be put in jeopardy just because folks in washington couldn't come together. >> the president says the delay will give congress more time to work out a longer-term deal. >> the sequester is $500 billion in automatic spending cuts over the next 10 years. they have already put it off by two months with the rhythmic -- with a mix of revenues and spending cuts. >> republicans a more tax revenue as out question. house speaker john boehner says americans don't support sacrificing real spending cuts or tax hikes. economists say the steep cuts in defense
is it is getting to the root crop -- the root causes of our trust deficit, our leadership deficit, and putting concepts, practical solutions before the american people. >> no matter what your thoughts maybe, if you really want to fix things, this is the central place to get it done. >> we have problem solvers in congress who want to wear the no labels badge. >> that is the first step to take. >> if we do not come together, we will be the first generation to turn over this country in worse shape than we received it. >> my friends are immigrants. they came to america with the fundamental hope of what this government stands for. >> people across the country want america to be the greatest nation on earth. >> the country they came from had a civil war going on. it did not have the opportunities that america provides. >> we want to make sure that we are the hope of the world and this is the place for your dreams to come true. >> it is actually up to all of us to strengthen our civic backbone and demand something different. a vision of how to get it done. no labels can help do that. >> we are changi
think washington has a tremendous spending problem. and the only way we're going to get the deficit in control is to cut spending and have comprehensive entitlement reform. it's unconclusionable to leave this kind of debt to our children and grandchildren and they would not have the same opportunities that we've had if we leave them with this extreme debt here. so we have to accept responsibility to do something about it. i think again that, what dr. carson was saying. >> steve: yeah. i know you're a democrat and you feel that way, but what about the members of your party in congress? it just seems like don, we love you, but we don't agree with that. >> i think there are many democrats democrats who do. if you look at president clinton's pen you're, his fiscal policy was much more to the center. >> steve: we thank you for joining us on this busy news morning. >> thank you. >> steve: all right. straight ahead on this monday, being top dog ain't easy. it takes a lot of hard work, from doggy treadmills to doggy psychics. todd starnes takes us behind the scenes as the prized pooches get
savings over the next ten years. use that to move towards deficit reduction and still keep the economy moving forward. >> i want reductions in spending that make sense. these indiscriminate reductions do not make sense and we're going to hurt a lot of people. and it's up to the president really to act now. >> president obama has urged congress to come up with a short term fix by the end of the month until lawmakers can reach a more extensive budget plan. >>> vice president joe biden heads to philadelphia today for more input on cracking down on gun violence. he'll meet with law enforcement agent as well as congressional leaders from pennsylvania. the vice president has bnt obama administration's point person for the debate over gun control in recent weeks. >>> we're tracking breaking news out of russia this morning after an overnight mining accident. >> also ahead, not the attention they wanted. the tough questions some of the world's big approximate he's tech companies are being asked to answer. >>> plus, the images are dramatic, but we'll look at whether this latest light show from t
in dealing with our recovery. economic recovery and the deficit issues that face our kids and grandkids. a lot of lip service is paid to dealing with the middle class. that is the buzzword. i get concerned we're talking about just us. what about our kids? what about the middle class of the future? what middle-class life for the behalf unless we step up and do the right things? and to me it is -- i campaigned. i campaigned on the suicide mission to reform medicare end to do tax reform. every town hall, every rotary, chamber meeting. i would talk about those things and those two things only. guaranteed political suicide. we can do this. >> in answer to that question, what will we do to get washington to do with the fiscal challenge? there were some business leaders and alan greenspan was there. he said what are you going to do something on this fiscal challenge? are you going to do it before or after the bond market crashes and it will crash. he is not known for hyperbole. and it struck me that the former chair of the federal reserve is saying you are facing an impending crisis and you wi
. there is basically an aversion to paying taxes, and we have deficits caused by wars, tax cuts, and all of the things that we talked about, and there are more people retiring. we could say that is too bad, they lived to long -- right -- too long -- one i was growing up, my grandmother had no medicare, no social security, and she lived with her daughters. i slept on the couch in the living room because that is how families took care of seniors before 1964. now we have a medicare program, where my father lived to 93, my mother lived to 97, and we did nothing for them except pay for their taxes. one year we gave my mom a christmas gift, a hearing aid which cost about $800. host: medicare does not cover that? guest: medicare does not cover that. good luck, you are on your own is what we say to seniors. my view is we are a better country than that. we can find a way to do that. there is a lot of stuff done in this country where people are getting treatment or examinations that are not making their health better or their life better. we have to look at that and stop doing that kind of stuff. that means wit
. >> the president wants lawmakers to find a balanced approach to deficit reduck. he said he wants sensible changes and reforms to the tax code. the sequester could cost jobs in education and security. funding forehead start, medical research and small businesses would be cut. >> we are learning more about the president's state of the union address set for next tuesday night. themes include job creation, immigration reform, trimming the 16 trillon dollar debt and gun violence. survivors of the connecticut shooting will attend. nancy pelosi has, invited a student from another school. >>> the first lady will attend the funeral of a chicago honor student today. police say that the 15-year-old was shot last month in a park about a mile away from the obama's chicago home. investigators say she was not the intended target. just a week before she preformed with her band at the inauguration. an event that she called a highlight of her life. no arrests have been made. >> a chance to own a piece of the nosema the niners in santa clara how you can make a lasting impression and help pay for the stadium at
.c. can congress come up with a deficit reduction package that serves all masters? we go inside the numbers. >>> then in illinois, that could be the next state to approve marriage equality. a plan on the books for a valentine's day quote but is the land of lincoln really on board? . [ whistles ] three words dad, e-trade financial consultants. they'll hook you up with a solid plan. wa-- wa-- wait a minute; bobby? bobby! what are you doing man? i'm speed dating! [ male announcer ] get investing advice for your family at e-trade. [ bop ] [ bop ] [ bop ] you can do that all you want, i don't like v8 juice. [ male announcer ] how about v8 v-fusion. a full serving of vegetables, a full serving of fruit. but what you taste is the fruit. so even you... could've had a v8. i worked a patrol unit for 17 years in the city of baltimore. when i first started experiencing the pain, it's hard to describe because you have a numbness but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point, i knew i had to do something. when
and california universities plan to battle the budget deficit while also helping students. >>> give you a live look outside at the sunol grade. pretty quiet out there on bay area highways this second sunday of february. time now is 8:42. it's not a candy bar. 130 calories 7 grams of protein the new fiber one caramel nut protein bar. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> hello san jose. you're looking a the mostly clear skies overhead 38 degrees with a light breeze. >>> nasa rover curiosity has successfully drilled a hole into the mark on mars. it's the first time the hole has ever been drilled on the planet and powder samples are now being analyzed. the rock shows possible evidence that wet environments may have existed there. >>> there is a new u.s. commander at the helm of u.s. investigate evers to afghanistan. he is to oversee the withdraw of troops. despite the change in command the goal of the coalition forces is still the same. >> what has not changed is the discipline and the spirit of the team. what
away. right? >> right. >> but republicans got to the brink and caved on the deficit ceiling. they got to the brink and they caved on sequester the first round. now, sequester comes back and still with the budget. and and they are saying, no, no, no. they are saying again that we are never going to agree with this unless we get major, major spending cuts and social security and welfare but can we believe him anymore? i mean it looks to me at the same time like they will get to the brink again and realize, no, no, no. we can't do this. if we look at recent history, that would be the course. what's fascinating is the republicans see this as the major bargaining chip to get their desired spending cuts but if we remember from their campaign last fall we saw mitt romney and paul rind on trying to avert the sequester saying this would be a really bad thing, you know, especially for defense. now, we kind of see a reverse here john boehner has said that he does not support a delay which the president wants, which the president outlined last week. so t
egregious that lawmakers would have to come to agreement on deficit reduction. but that hasn't happened. and time is running out. >> if the sequester is allowed to go forward, thousands of americans who work in fields like national security, education, or clean energy are likely to be laid off. >> reporter: the cuts would also amount to a 13% reduction for the military. >> this will badly damage our national defense and compromise our ability to respond to crises in a dangerous world. >> reporter: in washington, it's the same old sticking points with the president insisting the deal include new taxes. >> we sure as heck should be willing to ask those of us who are luckiest in society to close a few loopholes and deductions that the average american doesn't get. >> reporter: while republicans say it's time to reform entitlements and cut spending. >> we believe there's a better way to lower the deficit, but americans do not support sacrificing real spending cuts for more tax hikes. >> i think the chances of a deal to avert the sequester are less than 50/50 because you're looking at a very
the deficit problem. there is no question about it. but i think when they look at this bill and understand what we are really facing, i do not believe that we will have a problem there. >> [inaudible question] [talking over each other] >> it is different great obviously, we have two different versions. the house has this attrition of the workforce that has been the component and we had a combination for every new positions, we had one and then two, and we can bind both so we are on the same page. the house proposal on the attrition and we have also added congressional papers on it as well for the civilian workforce. >> [inaudible question] >> i would certainly defer to others here and the chairman. there is a real urgency here. one of the reasons that the president and his administration during his campaign, they didn't actually want the law that requires you to notify workers that they may be laid off, essentially the department of labor says the defense employers didn't have to comply with that law, it's because they knew that once they understood the real implications of sequestration,
unemployed right now. we're not out of the deficit of the 8 million jobs already lost. in terms of a system being skewed, if we are continually supported a system where jobs go to the already employed, we are really not doing anything to foster the economic recovery that is going to benefit everybody. in society. none of these laws and nothing the national employment law practice is advocating says you have to fill open jobs with unemployed people. we are saying that qualified unemployed people should be allowed to compete on terms that are fair and that is good for all of us in our economic recovery. host: baltimore, maryland, just hired. caller: i would like to say one thing -- i love cspan and site -- and i love to make it through my phone call. go ravens. i live in baltimore city and the unemployment rate in baltimore city is unbelievable. the problem you have is that not only is there so many people unemployed but that there is a lack of job opportunities. how will the work that you are doing affect people live in urban america who are african- americans who are latino americans, asian
.s. citizens and quite the contrary. have you thought of doing something? we have a $16 trillion deficit, we have fifty-one million people on food stamps, our culture is an entitlement culture and yet we are going after a thirteen million people with an immigration problem. eyewall for vetting them. what about reverse discrimination? we are going to demand exceptionalism we should have it towards the immigrants when they come here legally or illegally and we shall so go back to americans who are u.s. citizens. >> are you talking about expelling americans? >> i'm for the notion citizenship. [talking over each other] >> i may be extreme but here's my point. how many of you -- [talking over each other] >> how many of you have traveled to historic countries? you come back to america you have a different perspective about exceptionalism. how about reverse immigration? >> i did not support the deportation of american citizens. i would say this. if that were to be a policy, you would save hundreds of billions of dollars in the welfare state because individual immigrant, likely to use welfare especi
. >> reporter: the president will largely focus his attention on immigration reform and deficit reduction exactly one week ahead of his state of the union address. >>> a tragic story. new details on the death of a new york city mom murdered in turkey. >> she was supposed to come back and she didn't. >> they must have luck on their side. ste stephen and terri weaver were on a weekend getaway and returned with two lottery tickets. are you kidding me? >> couldn't believe we won twice. couldn't believe we had won as much as we did. >> jesse, will you come out? >> a gentleman never kisses and tells. >> pucker up. all right. >> loser pays up. boy, is al roker paying right now. >> here's what's happening in your neck of the -- your neck of the woods. >> l.a. reid, the music mogul and jennifer hudson. >> katharine mcphee is inside our studio warm and toasty. >> you remember her, tiffani thiess thiessen, of "saved from the bell." >> john harbaugh is with us from new orleans. >> we were watching your show in the room. you guys do a great job. we love your show. >> yes, there are men on trampolines
Search Results 0 to 43 of about 44 (some duplicates have been removed)